Helmerich And Payne Stock Today

HP Stock  USD 42.06  0.17  0.40%   

Performance

9 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 1

 
100  
 
Zero
Very Small
Helmerich is selling at 42.06 as of the 28th of March 2024; that is -0.4 percent down since the beginning of the trading day. The stock's last reported lowest price was 41.97. Helmerich has a very small chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Helmerich And Payne are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2022 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Energy
IPO Date
15th of October 1980
Helmerich Payne, Inc., together with its subsidiaries, provides drilling services and solutions for exploration and production companies. The company was founded in 1920 and is headquartered in Tulsa, Oklahoma. Helmerich Payne operates under Oil Gas Drilling classification in the United States and is traded on New York Stock Exchange. The company has 98.83 M outstanding shares of which 11.6 M shares are currently sold short in the market by investors with about 9.12 days to cover all shorted shares. More on Helmerich And Payne

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Moving against Helmerich Stock

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Helmerich Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Helmerich's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Helmerich or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Helmerich's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Helmerich's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEOJohn Lindsay
Thematic IdeaPetroleum and Natural Gas (View all Themes)
Business ConcentrationEnergy Equipment & Services, Oil & Gas Drilling, Energy, NYSE Composite, Petroleum and Natural Gas, Energy, Energy Equipment & Services, Oil & Gas Drilling, Energy (View all Sectors)
Average Analyst Recommendation
Analysts covering Helmerich report their recommendations after researching Helmerich's financial statements, talking to executives and customers, or listening in on Helmerich's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Helmerich And Payne. The Helmerich consensus assessment is calculated by taking the average forecast from all of the analysts covering Helmerich.
Financial Strength
Based on the key indicators obtained from Helmerich's historical financial statements, Helmerich And Payne is performing exceptionally good at this time. It has a great probability to report excellent financial results in April. Financial strength of Helmerich And Payne is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.350.59
Way Down
Very volatile
Total Current Liabilities505.9 M481.8 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total775.1 M1.4 B
Way Down
Very volatile
Total Assets3.1 BB
Way Down
Pretty Stable
Total Current Assets625.9 M1.2 B
Way Down
Very volatile
Total Cash From Operating ActivitiesB958.7 M
Sufficiently Up
Very volatile
Helmerich's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Helmerich's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Helmerich's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Helmerich's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Helmerich's financial leverage. It provides some insight into what part of Helmerich's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Helmerich's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Helmerich deploys its capital and how much of that capital is borrowed.
Liquidity
Helmerich cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company reports 599.95 M of total liabilities with total debt to equity ratio (D/E) of 0.2, which may suggest the company is not taking enough advantage from financial leverage. Helmerich And Payne has a current ratio of 2.31, indicating that it is in good position to pay out its debt commitments in time. Debt can assist Helmerich until it has trouble settling it off, either with new capital or with free cash flow. So, Helmerich's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Helmerich And Payne sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Helmerich to invest in growth at high rates of return. When we think about Helmerich's use of debt, we should always consider it together with cash and equity.

Depreciation

266.6 Million
Helmerich And Payne (HP) is traded on New York Stock Exchange in USA. It is located in 1437 South Boulder Avenue, Tulsa, OK, United States, 74119 and employs 7,100 people. Helmerich is listed under Energy Equipment & Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a market capitalization of 4.19 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Helmerich's market, we take the total number of its shares issued and multiply it by Helmerich's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Helmerich And Payne is active under Energy Equipment & Services sector as part of Energy industry. The entity has 98.83 M outstanding shares of which 11.6 M shares are currently sold short in the market by investors with about 9.12 days to cover all shorted shares. Helmerich And Payne reports about 257.17 M in cash with 833.68 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.32.
Check Helmerich Probability Of Bankruptcy
Ownership Allocation
Helmerich secures a total of 98.83 Million outstanding shares. The majority of Helmerich And Payne outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Helmerich to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Helmerich And Payne. Please pay attention to any change in the institutional holdings of Helmerich And Payne as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Helmerich Ownership Details

Helmerich Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Helmerich jumping above the current price in 90 days from now is nearly 4.68%. The Helmerich And Payne probability density function shows the probability of Helmerich stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon the stock has a beta coefficient of 1.4622. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Helmerich will likely underperform. Additionally, helmerich And Payne has an alpha of 0.0602, implying that it can generate a 0.0602 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 42.06HorizonTargetOdds Above 42.06
95.27%90 days
 42.06 
4.68%
Based on a normal probability distribution, the odds of Helmerich to move above the current price in 90 days from now is nearly 4.68 (This Helmerich And Payne probability density function shows the probability of Helmerich Stock to fall within a particular range of prices over 90 days) .

Helmerich Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Helmerich that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Helmerich's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Helmerich's value.
InstituionRecorded OnShares
Goldman Sachs Group Inc2023-12-31
M
Van Eck Associates Corporation2023-12-31
1.9 M
Northern Trust Corp2023-12-31
1.7 M
Morgan Stanley - Brokerage Accounts2023-12-31
1.7 M
Fisher Asset Management, Llc2023-12-31
1.3 M
Capital Research Global Investors2023-12-31
1.2 M
Bank Of New York Mellon Corp2023-12-31
1.2 M
Massachusetts Financial Services Company2023-12-31
1.2 M
American Century Companies Inc2023-12-31
1.1 M
Blackrock Inc2023-12-31
17.2 M
Vanguard Group Inc2023-12-31
11.6 M
View Helmerich Diagnostics

Helmerich Historical Income Statement

Helmerich And Payne Income Statement is one of the three primary financial statements used for reporting Helmerich's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Helmerich And Payne revenue and expense. Helmerich Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Helmerich's Cost Of Revenue is relatively stable compared to the past year. As of 03/28/2024, Income Before Tax is likely to grow to about 716.5 M, while Research Development is likely to drop slightly above 18.9 M. View More Fundamentals

Helmerich Stock Against Markets

Picking the right benchmark for Helmerich stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Helmerich stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Helmerich is critical whether you are bullish or bearish towards Helmerich And Payne at a given time. Please also check how Helmerich's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Helmerich without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Theme Ratings

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Helmerich Corporate Directors

Helmerich corporate directors refer to members of a Helmerich board of directors. The board of directors generally takes responsibility for the Helmerich's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Helmerich's board members must vote for the resolution. The Helmerich board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Edward RustIndependent DirectorProfile
Francis RooneyIndependent DirectorProfile
Jose MasIndependent DirectorProfile
Mary VanDeWegheIndependent DirectorProfile

How to buy Helmerich Stock?

Before investing in Helmerich, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Helmerich. To buy Helmerich stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Helmerich. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Helmerich stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Helmerich And Payne stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Helmerich And Payne stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Helmerich And Payne, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Helmerich Stock please use our How to Invest in Helmerich guide.

Already Invested in Helmerich And Payne?

The danger of trading Helmerich And Payne is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Helmerich is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Helmerich. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Helmerich And Payne is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Helmerich And Payne is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Helmerich Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Helmerich And Payne Stock. Highlighted below are key reports to facilitate an investment decision about Helmerich And Payne Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Helmerich And Payne. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Helmerich's price analysis, check to measure Helmerich's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Helmerich is operating at the current time. Most of Helmerich's value examination focuses on studying past and present price action to predict the probability of Helmerich's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Helmerich's price. Additionally, you may evaluate how the addition of Helmerich to your portfolios can decrease your overall portfolio volatility.
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Is Helmerich's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Helmerich. If investors know Helmerich will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Helmerich listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.033
Dividend Share
1
Earnings Share
4.19
Revenue Per Share
28.041
Quarterly Revenue Growth
(0.06)
The market value of Helmerich And Payne is measured differently than its book value, which is the value of Helmerich that is recorded on the company's balance sheet. Investors also form their own opinion of Helmerich's value that differs from its market value or its book value, called intrinsic value, which is Helmerich's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Helmerich's market value can be influenced by many factors that don't directly affect Helmerich's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Helmerich's value and its price as these two are different measures arrived at by different means. Investors typically determine if Helmerich is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Helmerich's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.